Band Protocol (BAND) Price Prediction

Last Updated July 19th 2022
18 Min Read

The growing number of investors and crypto users is a clear sign that cryptocurrency has come to stay. This, of course, is attributable to the profitable nature of crypto investing. Though the market is volatile and considered risky, it can be highly rewarding. People will continue to invest.

Are you considering investing in crypto? Do you have any particular coin in mind? If you are reading this, then you are most likely thinking of investing in Band Protocol. If this is the case, then this Band Protocol (BAND) price predictions and forecasts article can be incredibly valuable.

BAND Overview

Cryptocurrency Band Protocol
Ticker Symbol BAND
Rank 358
Price $1.82
Price Change 24h 0.64%
Price Change 7d 5.16%
Market cap $64,047,902.60
Circulating Supply 35,191,821
Trading Volume $10,031,958.63

Going through this Band protocol price forecasts article will help you determine whether it is a decent coin to invest in. By having an idea of what the price of the coin could be in the future, you can decide whether it is a good buy or you need to consider other coins.

As we always do with our articles, we will start by explaining what you need to know about Band Protocol before delving into Band Protocol (BAND) price predictions. We will also highlight some necessary information and outline other important data that interested investors need to get.

 

band protocol Price Predictions 2022, 2023, 2025, 2027 and 2030

Before we proceed, it is pertinent to present a summary of our predictions for the coming years. So, here is a summary of Band Protocol (BAND) price prognosis for certain years in the future:

  • End of 2022: Given the major dip faced by the cryptocurrency market in 2022, it is no surprise that the Band Protocol (BAND) has declined significantly in its price. But the crypto token is predicted to finish the year better than its run through the year with a maximum price of $2.26.
  • End of 2023: As the crypto market starts pulling back its hold on the financial market, Band Protocol will build on this success to increase even more in its price. The coin is predicted to finish the year with a maximum price of $3.31.
  • End of 2025: Through significant partnerships and major collaborations, the Band Protocol will contribute even more to the crypto market, attracting more crypto investors to the crypto project and boosting its price in the long run. The Band Protocol token is expected to finish the year with a maximum price of $6.92.
  • End of 2027: The next five years will be crucial to the growth of cryptocurrency. This is because it is predicted that the crypto market will grow significantly in the next five years. The Band Protocol is not left out in this crypto market growth as the price of the crypto token will increase even more. The token is predicted to finish the year with a maximum price of up to $14.89.
  • End of 2030: By 2030, cryptocurrency and the blockchain industry will go mainstream, and this will see the price of most crypto tokens and coins rise significantly, probably hitting new All-Time Highs by then. The Band Protocol token will see its price rise up to $50.82 by the end of 2030.
 



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What You Need To Know About Band Protocol (BAND)

Band Protocol is an inter-chain data oracle platform that can extract data from the real world and provide it to on-chain apps. It also links APIs to smart contracts to make exchanging data between chains from on-chain and off-chain data sources easier.

Developers may now use any kind of real-world data as parts of their decentralized application (DApp) logic, such as sports, random numbers, weather, price feed data, and more, thanks to Band Protocol, which provides reliable, verifiable real-world data to blockchains.  

Blockchains excel at giving precise verifiable calculations and immutable storage, and they are unable to access meaningful real-world information not available in their network. By enabling secure data access devoid of a centralized authority or single points of failure, Band Protocol improves the functionality of smart contracts.

Band Protocol is intended to be quicker and more effective compared to other comparable oracle solutions. It is also interoperable with most blockchain and smart contract development frameworks, ensuring that trustworthy data can be supplied to and from various blockchains.

Band Protocol intends to use Cosmos' Inter Blockchain Communication (IBC) protocol to accomplish its cross-chain data transfer. How long it will take for the IBC to be operational and useful is still unknown.

Anyone can start satisfying data requests thanks to the permissionless oracle creation feature of the Band Protocol. Additionally, it provides incredibly straightforward smart contract integration, enabling programmers to start leveraging information from Band Protocol oracles with just a few lines of code by invoking a predefined interface.

All blockchain development networks and smart contract ecosystems are compatible with BandChain. BandChain does all the labour-intensive tasks of gathering data from outside sources, compiling it, and packaging it into a format that is simple to use and cryptographically verifiable across various blockchains in a trust-free and decentralized manner.

Using delegated Proof-of-Stake and settlement for transaction fees, BandChain secures the decentralized oracle network using the native BAND token. In order to fulfil data requests and receive a share of the query fees and block rewards, validators must stake BAND tokens.

BAND Token

Band Protocol was first introduced as an ERC-20 initiative on the Ethereum blockchain in September 2019, but with the release of Band Protocol 2.0, the project switched to the Cosmos network. The Cosmos SDK is used to build the new protocol on BandChain. Oracle nodes on BandChain play a dual role as data relayers and participants in block production and validation.

The native token of the Band Protocol ecosystem, BAND, serves as collateral for validators that process data requests and serves as the primary form of payment on BandChain for private data.

After an Initial Exchange Offering (IEO) on the Binance Launchpad in September 2019, Band Protocol first made the BAND token available. Over the course of three token sale rounds, a total of 27.37% supply was sold (seed, private, and public sale).

There is a total supply of 100 million BAND tokens in the crypto market. By November 2020, over 20% (20.49 million tokens) of this total were in use.

The team will receive a total of 20% of the BAND token supply, plus an additional 5% for its advisors. The ecosystem of the Band Protocol receives 25.63% of the total. 100% of the total supply should be in circulation by 2025 at the earliest, according to the predicted emission rate.

By depositing their ERC-20 BAND tokens to Binance and subsequently withdrawing them as native tokens, holders of the older tokens can perform a 1:1 exchange. This is required to participate in BAND staking, which is only accessible to mainnet tokens.

BandChain is secured with a Byzantine Fault Tolerance (BFT) consensus method that is based on the Cosmos SDK and defends it from hackers. Combining this with a delegated proof of stake (dPOS) configuration protects the network's oracles and enables BAND holders to receive staking rewards for transferring their stake to nodes.

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Band Protocol Price History

Band Protocol entered the crypto market on September 19, 2019, with a starting price of $0.63 and a trading volume of up to $21 Million.

The CoinGecko crypto platform started tracking this crypto token's progress from that time, showing the growth and decline of the coin over the years.

The Band Protocol token maintained a flat growth in its price throughout the year 2019, with the coin not crossing the 1 threshold, but this wasn't the case for the next year, 2020, as the token's price started climbing gradually.

By May 01, 2020, the Band Protocol token hit the $1 threshold, with the token trading at $1.04 at the time with a trading volume of $21 Million.

The Band Protocol kept growing in price and hit a new All-Time High by July 23, 2020, with its price going up to $4.56 with a trading volume of $30.6 Million.

The Band Protocol took a hike in price, moving ahead, and by August 10, 2020, the token crossed the $10 threshold with prices reaching $14.91 and a trading volume of more than $200 Million citing a new All-Time High for the crypto token.

September 2, 2020, saw the token hit another new high with prices up to $16.89 and a trading volume of almost $179 Million. The coin took a significant dip still in the month of September, going below $10 to $6.98 and a trading volume of $146 Million.

Heading into 2021, the Band Protocol remained steady with prices under $10, only crossing the $10 threshold by January 16, 2021, with the price of the Band Protocol token going up to $10.47 ad a trading volume of $363 Million.

Once headed up, the Band Protocol started building on this growth momentum, and by February 13, 2021, the coin hit a new All-Time with prices up to $18.70 and a trading volume of up to $633 Million.

The Band Protocol token hit a low point again by the middle of 2021, with its price going as low as $6.81 on May 30, 2021, and a trading volume of $58 Million.

The token continued its decline, and by July 20, 2021, prices went as low as $4.82 with a high decrease in the crypto's trading volume, which settled at $25 Million.

The Band Protocol token went beyond the $10 mark by September 6, 2021, going up to $10.57 with a trading volume of $52.6 Million, but this would be the last time the token crossed the $10 threshold.

The crypto token continued on its downward spiral and finished 2021 with prices as low as $5.12 as of December 31, 2021, with a trading volume of $16 Million.

Moving into 2022, just like many other crypto tokens in the market, the Band Protocol token took a steep dive and recorded major dips in its price. The token started the year with a modest price of $5.02 and a trading volume of $19.5 Million on the first of the year, January 01, 2022, but finished that same month with a significant dip in price, going down to $3.45 and a trading volume of $19.5 Million.   

The token rose sharply by April 3, 2022, boosting its price up to $5.37 with a trading volume of $60.5 Million, and by May 14, 2022, the Band Protocol recorded prices as low as $1.72 with a trading volume of $19.6 Million.

At the time of writing this article, the price of the Band Protocol token was recorded at $1.32 per token with a fully diluted market capitalization of $131.7 Million. The token is ranked #368 by a reliable crypto platform.

band price chart

Band Protocol BAND/USD price chart. Source: Coinmarketcap

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Band Protocol Technical Analysis   

From the results of the prices of the Band Protocol token in the past years since its launch, it is clear that this crypto token has seen a major decline in its price over time. The Band Protocol token's price has fallen from a fair price of $18 since its launch to $1.31 right now. Does that mean that you can't add this crypto token to your portfolio and expect maximum profit?

Technical analysis helps crypto users and investors make the best decision as regards any crypto token when buying the coin for the short term. But investors and crypto users must compare a crypto token's technical analysis and price predictions before making any long-term investment in such token.

As per the technical analysis of the Band Protocol token, we are going to summarize this analysis for an easier understanding for investors. According to various parameters and tools, the Band Protocol token is a strong sell at the time of writing this article. The moving average (MA) oscillators, including Ultimate Oscillator, signals a "Sell" at the time of writing this article.

Interested investors and crypto users must understand that technical analysis does not in any way take into consideration the probable future growth of a crypto token but is only focused on the token's progress at the moment.

Band Protocol (BAND) Expert Forecasts

To better understand the Band Protocol price predictions, it is important to highlight some predictions of other reliable platforms and websites and their Band Protocol (BAND) price projections.

Wallet Investor

The Wallet Investor website is always highly reserved with its predictions about the price growth of any crypto token. The website predicts that the Band Protocol (BAND) price will not increase significantly in the coming years, therefore predicting that the token is not a good investment in the long run.

Digital Coin Price

The price of the Digital Coin Price crypto website is positive no matter how small for the Band Protocol (BAND). The website predicts a steady increase in the price of the Band Protocol (BAND), with the token reaching $1.79 in 2022, $2.03 in 2023, $2.51 in 2025, $3.00 in 2027, and $6.24 in 2030.

Tech News Leader

No matter how conserved, the Tech News Leader crypto website gives positive prices for the Band Protocol (BAND). The website predicts that the Band Protocol (BAND) will finish the year with $2.26 in 2022, $3.31 in 2023, $6.92 in 2025, $14.89 in 2027, and $50.82 in 2030.

Gov Capital   

The crypto platform is the most optimistic about the future prices of the Band Protocol (BAND), recording prices as high as $12.54 in one year and $84.01 in five years.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Band Protocol (BAND) Price Predictions

Since we have understood some important information about the Band Protocol, including the price prediction from authority crypto websites, it is time to understand our price forecast for the token for the coming years.

It is still very valid that crypto users and investors understand that these price predictions are not absolute, and with the volatility that the crypto market is known for, it is very possible that anything can happen in the crypto space. Therefore investors are advised to understand that these price forecasts are our expert opinion on what the price of the Band Protocol token could be in the coming years and are not completely absolute.

Band Protocol Price Prediction 2022

Band Protocol token's price has fallen drastically over the first five months of 2022. An objective person could find it difficult to accept that the price will increase in the upcoming months. However, based on our data, this might not be the case.

We anticipate that the price of BAND will be volatile for the remainder of 2022. However, things are looking up in general. In the upcoming months, it's anticipated that BAND's price won't fall below $2.19 and will record a maximum price of up to $2.46. The Band Protocol token is expected to finish the year with an average price of $2.26.

Band Protocol Price Prediction 2023

If all goes according to plan, BAND prices will continue to fluctuate through 2023. This does not imply that the coin will experience a continued bear run over the course of 2023. The price will fluctuate, but it is expected that it will eventually move upward.

According to our actual BAND price prediction, we anticipate a minimum price of $2.79 for Band Protocol (BAND) in 2023. Additionally, it is predicted that the cost of the coin could increase to $3.83 per token. Also, the average cost should be around $3.31 per token.

Band Protocol Price Prediction 2024

With its important features and functionalities, the Band Protocol greatly contributes to the world of blockchain, making it easier for investors and crypto users to easily carry out exchanges and transactions in the crypto space. This, in its own way, makes it an indispensable protocol in the blockchain world.

Based on the sentiment mentioned earlier, there is a significant possibility that Band Protocol tokens won't be traded for less than $3.82 at the very least. In a strong market, the highest BAND price per token may reach $5.44, while the average price would be at $4.63.

Band Protocol Price Prediction 2025

It is important to understand that partnerships and collaborations are important for the growth of a crypto token in both its worth and value. The Band Protocol is expected to be involved in some strategic partnerships in 2025, which will help increase its price in the year in review.

Our research findings indicate that the BAND low forecast for 2025 is $6.69 per token. The price may surpass our high projection of $7.75 per token if the market feels bullish. The token is anticipated to cost, on average, around $7.22.

Band Protocol Price Prediction 2026

Although the Band Protocol started out as an ERC-20 project, it is now running on the Cosmos network. This is to show its passion for advancement and seamless technological adaptation attracting more users and investors to its ecosystem.

According to our experts' prediction for Band Protocol price prediction in the year 2026, we anticipate that the lowest price won't be less than $9.58, and the highest price will be up to $10.14. On the other hand, the average cost can range from $9.86 to anything in that neighbourhood.

Band Protocol Price Prediction 2027

The next five years will see crypto rise even more than it has ever risen in the past. This is due to the high influx of new users and interested investors to various protocols and crypto projects in the crypto space.

According to our findings through in-depth research, Band Protocol BAND will probably generate a sizable return within the next five years. The coin is anticipated to cost a minimum of around $12.95 and possibly a maximum of $16.83. The average value per token is anticipated to be around $14.89.

Band Protocol Price Prediction 2028

Strong communities support the most well-known cryptocurrencies, and we think it will not take long for Band Protocol to develop one. This community's support will help drive the token price higher.

The minimum price of BAND in 20228 should be up to $20.89 if everything goes as well as we anticipate. Before December 2028, it's also conceivable that the token may trade for as much as $25.02. It is anticipated that the average price for the year will be around $21.63. 

Band Protocol Price Prediction 2029

The Band Protocol is built by a strong team of developers and founders, and this will definitely go a long way in boosting the crypto token's growth and development in the coin market.

According to our realistic BAND price prediction for 2029, we anticipate a minimum price of roughly $31.66 per token. The maximum token price is $36.94, and the average token price is expected to be approximately $34.30.

Band Protocol Price Prediction 2030

It is anticipated that cryptocurrency will become widely used by 2030. Additionally, the Band Protocol will grow in popularity much more than they already have, and more individuals will invest in digital assets. The value of tokens like BAND will climb sharply. If all goes according to plan, BAND will surpass $20 in 2030.

Our calculations show that Band Protocol's minimum price in 2030 will be roughly $49.45 per token, and the token might cost up to $59.02 at its highest price. On the other hand, the average cost per token should be around $54.23. 

Potential Highs And Lows Of Band Protocol (BAND)

Although we thoroughly examined Band Protocol and its price history to make the predictions above, we must recognize that the market is hardly ever predictable. Even though we anticipate that future coin prices will be roughly in line with what we have projected, anything can happen in the world of cryptocurrencies, so we also consider potential highs and lows.

As previously stated, the cost of BAND will change throughout the ensuing years. When making an investment decision, the minimum, maximum, and average values forecasted above can serve as a guide. Still, it's also crucial to take the coin's probable highs and lows into account.

Year High Low
2022 $2.46 $2.19
2023 $3.83 $2.79
2024 $5.44 $3.82
2025 $7.75 $6.69
2027 $16.83 $12.95
2030 $59.02 $49.45

 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Should You Invest In Band Protocol (BAND)?

Given all we've observed about the BAND token over the past few months, it is remarkably similar to other digital assets. It is now in decline and has displayed indicators of severe volatility. However, that doesn't guarantee that it won't increase and gain in price. Then again, should you buy Band Protocol? Can it generate significant profit?

BAND is a risky investment, given its pricing history. But the cryptocurrency industry as a whole is unstable and regarded as unstable. In this instance, it's crucial to consider the network's potential and current market. Taking all these into consideration, BAND is a respectable investment option.

Our predictions indicate that the price of BAND will probably increase massively during the next few years, and the cost is currently extremely low when compared to what it may otherwise be. Your chances of generating a significant profit if our predictions come true are increased by purchasing immediately.

Where To Buy Band Protocol

Are you interested in purchasing Band Protocol (BAND) token? Then you must pick your Exchange wisely. BAND can currently be purchased via a variety of sources, including cryptocurrency exchanges, brokerages, and standard investment apps that are neither exchanges nor brokerages.

Before purchasing a digital asset from a marketplace, it is crucial to fully comprehend that Exchange or crypto platform. You must confirm its security and safety, as well as the price at which you are purchasing. Even if you choose a reliable platform, you should still compare it to other options before using it exclusively for cryptocurrency transactions.

eToro – The Best Place to Buy Band Protocol (BAND) with Low Fees

Our expertise in cryptocurrency leads us to conclude that eToro is among the top exchanges to purchase Band Protocol tokens. One of the first comprehensive brokerages to provide cryptocurrency trading is the eToro exchange. For a number of reasons, it is still considered to be the best social trading platform at the moment.

The fact that eToro lists various digital assets in addition to other things, including stocks, ETFs, futures, and other investment instruments, is one of the primary reasons we prefer it over other brokerages and exchanges. Users will only pay relatively low fees to purchase these assets. For all users, eToro also provides a number of benefits.

You can utilize and benefit from the e-Toro trading platform as a beginner and as an advanced user. Its user-friendly apps and well-designed website simplify trading and investing in cryptocurrencies, and its platforms are excellent for both novice and experienced cryptocurrency traders and investors.

Band Protocol Price Predictions – Conclusion

The crypto industry is challenging but also quite lucrative. One of the emerging digital assets that we think will take off in the future is Band Protocol (BAND). Although it is not performing well right now, we think it will start to improve this year and pick up steam in the years to follow.

We've covered the majority of the information you need to know about Band Protocol, and we've explained our predictions in terms that anyone can grasp. The decision is yours whether to buy BAND or neglect the token. If you choose to invest, keep in mind that one of the most beneficial platforms to buy Band Protocol (BAND) token is on eToro.

It is crucial to stress once more at this point how volatile and unpredictable cryptocurrencies are. Therefore, it is crucial to invest responsibly. You must make your purchase at the right time because Band Protocol (BAND) has demonstrated extremely high volatility.

eToro – The Best Platform To Buy Band Protocol

Open an account with eToro, deposit some funds with USD, and finally – buy BAND from just $10.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs

Is Band Protocol a profitable investment?

Band Protocol is for now in the red zone, but it could still be a worthwhile investment. According to our projections, its worth will increase in the upcoming years.

Is BAND a good investment for the future?

Yes, the price of BAND will increase massively over the next several years, and we anticipate that many years from now, it will be significantly more valuable than it is today.

Will BAND price rise?

Yes, it is anticipated that BAND would grow over time. The token's value in 2023 might reach $3.31. Additionally, according to our predictions, it will increase to $6.92 in 2025, $14.89 in 2027, and $50.82 in 2030.

Will Band Protocol (BAND) reach $10?

Band Protocol (BAND) can indeed cross the $10 mark. After all, the token has almost made it to the $20 mark in the past, and it will probably surpass $10 in 2027 or sooner.

Will BAND reach $100?

It's feasible that BAND token prices will rise to $100. Before it reaches this height, though, it might take some years or possibly a few decades.

What will be the price of a BAND token in five years' time?

Band Protocol might be worth up to $14.89 per token during the following five years.

What will be the BAND price in the next ten years?

We estimate the value of Band Protocol (BAND) to be between $71.04 and $85 per token during the next 10 years.

Will BAND crash?

The BAND token is likely not to crash, and it is predicted that the crypto token will increase in price in the near future.

Is BAND a safe crypto asset?

The Band Protocol is safe to invest in, given the fact that there has not been any form of complaint about the crypto project from crypto users and investors.

Is BAND a risky investment?

Band Protocol is quite volatile, making it a potentially risky investment. All cryptocurrencies have this nature, and they can also be quite profitable. Therefore investors are advised to have a strong mind when investing in various crypto projects and tokens.

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